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The management invested 5M in a Ponzi scheme fund, they don't cut their salary for running the company to the ashes. Selling shares is their only way to get their salary, as long as someone wants to buy, PPS is not their concern.
Why pay at 0.0085, if you can get at 0.0005 or cheaper?
But at 0.0005, ERHE has any chance to turn around? I doubt anyone still wants to buy at that level.
Maybe this is the way to get rid of Offor's control.
1st step: dilute shares
2nd step: reverse split
Final step: sell shares ( Will Offer buy at this moment?)
How long will we know if he sold some of his shares?
Now, I know why he did not participate for such good deal at 0.075. Cause he knew some confidential information. Can he buy at 0.01 or below now?
This is one of his great achievements, driving PPS to 1cent. He couldn't persuade Offor to buy in at $0.075, maybe Offor knew the company was going down soon and this was the only confidential information he did not participate. He gives out speech for his successful experience in running ERHE? What a joke.
They have to start cutting their salary to half first, and no bonus, no any compensation. Otherwise they still don't know how to save the company. They don't need to participate any trade show, spend lots of money for the promotion without any help to the growth of shareholder's value.
Sorry not correct.
Erhe issued 270m shares only worth 32,811+22,918+22,500+42,88+12,445=133,554
Now ERHE should have 1B + shares on the market, 1/4 of total shares valued only $133,554.00 is this correct?
Why not release audited financial statement for the year of 2011 first at end of Nov, then on or about middle of Dec realease 2012's, at end of dec. release 2013's.?
Offor did not participate due to conflict of interest , some others are dumpling Millions of shares at pps only 1/3, or 1/4 of 0.075. Offer is a decent person; indeed.
Who is above water still? Besides shorties.
How about Offor? He has 340m shares.
This is the way management team run the company to ground, donated $5M to Stanford Fund. Any insiders participated $.075 stock offering? Maybe none.
This statement was based on July 23, 2013. Any updated ? That distribution, does it means either cash or stocks?
Isn't it a good news? Why no one buys it? PPS keeps dropping.
CT class has to cover other class's interests. Equity class gets paid, but CT class can only receive less than 1/3 of FV without any unpaid interests. What priority rule did Judge apply?
Good news. So, what position should we be at in the future?TIA
The funny thing is the $100Million investment in EEZ. How many more shares are they going to sell? Where is the money coming from?
Wow, there are 1m shares for sale at 0.029. ERHE did a good job, running company to this level.
JPM holds this $8.9B before Barclay's deal. If JPM win the case, as a co- debtor, what JPM will do? Distribute the money to creditors or use it as Capital for reorganized new company and those creditors will get pref or common shares?
Definitely JPM had a plan at the time keeping Lehman's $8.9B.
So, no priority rule to comply, equity holders will have their interest in NOL, and will get shares of reorganized new company. However, the higher class CT will see nothing. Is this what you are saying?
This is fair and reasonable for those mafias, not for equity holders of WAMU. We will see this kind damages more and more in the future, cause mafias are getting richer and powerful. Their gang member buddies are everywhere.
The confidential agreement looks like to protect criminals, the damaged public parties should have the rights to know the fraud to claim suffer and damages.
Hope you were the Judge.
My TD account has updated info.
I got 1000 shares at 0.11
Does Any one know what is total current real estate value for those three factories? TIA
Do you imply our 10b class should be moved up to class 3?
Indeed, in order to have a reorganized new business, enough cash is the king. Unless there are new investors adding more cash. Like FMARQ, bank holding company got 100M. Even company changed name to Capital Trust Holdings, Inc.
But I have no ideal that old equity and creditors involved in the new company, any NOL for old equity.
Those who negotiating their employment contracts with Barclay were also on behalf of Lehman making PA with their future employer. Any conflict of interests or bribery involved?
This is kind of conflict of interest and involving inside trading. If Barclays and Lehman intentionally let Ct stay out of PA temporarily, Barclays took the opportunity to buy CT on the open market. Wow, this is not right.
So, 10b is number 1, how about 10a, 10c, and class 11? Or, you meant only 10b will be counted with old equity for 50% new shares?
I still don't understand why Judge wanted to punish all CT holders and cared nothing with priority rule. That was not fair and reasonable.
Pay back with new issued LBHI stocks on March 1st, 15?
They made nonsense option policy, waste time and money, they even won't buy in at $0.075.
Talking about $100m investment in EEZ block, ERHE shows no such cash in their account, they never tell shareholder where is the money, where the money comes from?
They invested $5m in Stanford's fund, where is the money?
We knew JPM took our Mortgage Portfolio. JPM foreclosed lots of WUMU mortgages, refinanced WAMU old mortgages, and maybe sold some of the mortgages. So, JPM has messed up all WAMU mortgages portfolio, how JPM return it back to FDIC? How does FDIC calculate the disputed value caused by itself and JPM?
Hi Cotton, any briefing for us, I am so confused. Tia
Can I know who is someone? Did you receive a letter or an email?
Has anyone received today's distribution?
I called TDtrade, someone called trading center and updated my bid, now bid is 0.211